Thursday, December 03, 2009

YES VIRGINIA, THE STIMULUS WORKED

(h/t Pat Garofalo at the Wonk Room)

The Congressional Budget Office just came out with an analysis of the effects of the stimulus bill and it's bad news for the wingnuts: IT WORKED!!!
CBO estimates that in the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States, and real (inflation-adjusted) gross domestic product (GDP) was 1.2 percent to 3.2 percent higher, than would have been the case in the absence of ARRA (see Table1).

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